Committee Meeting Updates

Balkrishna Industries' Finance Committee has approved raising funds up to INR 550 Cr by issuing 55,000 non-convertible debentures (NCDs). Each NCD has a face value of INR 1,00,000. These rated, listed, senior, unsecured, and redeemable NCDs will be offered via private placement and are slated for listing on BSE.

This strategic fund-raising enhances the company's financial flexibility and borrowing capacity within existing limits, crucial for supporting ongoing operations and future growth initiatives.